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jon: turning attention to washington. new information breaking in the last hour that a backup plan is in the works for republicans in case the white house and congress can not reach a deal on the fiscal cliff by the end of the year. house speaker john boehner spoke about it a minutes ago. >> our plan b would protect american taxpayers who make a million dollars or less and have all of their current rates extended. i continue to have hope that we can reach a broader agreement with the white house that would reduce spending as well as have revenues on the table. jon: despite the existence of this plan b negotiations are moving forward between president obama and speaker boehner to try to avoid the fiscal cliff. ed henry is live at the white house. so tell us a little bit more about plan b. what is it, ed? >> reporter: good to jon. you know the president's position all along you only raise taxes on people making over $250,000. republicans said look, that will end up not just hitting individuals but a lot of small businesses.
jon: turning attention to washington. new information breaking in the last hour that a backup plan is in the works for republicans in case the white house and congress can not reach a deal on the fiscal cliff by the end of the year. house speaker john boehner spoke about it a minutes ago. >> our plan b would protect american taxpayers who make a million dollars or less and have all of their current rates extended. i continue to have hope that we can reach a broader agreement with the...
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we look to find the answer to solve the problem on the spending issue here in washington. the president is not yet there, he has not come to where he needs to be in order for us to push through a bill that really does begin to address the problem. and as the speaker said, that's why we are now discussing and alternative plan if the president and the white house cannot come our way. thank you. >> as the speaker and the leader said, we've been trying to make sure we do not go off this fiscal cliff. while at the same time put america on a different path, one for job creation, one that also takes care of our spending. i think many times the speaker felt that maybe he was negotiating with himself. after plan, after plan where the president stayed silent. those three weeks right after the election when the first idea was sent across from the president to the speaker we heard nothing but silence. unfortunately today we are going to have to go to plan b. because we want to make sure we do not go off the cliff and we want to make sure that we keep an economy where jobs can be creat
we look to find the answer to solve the problem on the spending issue here in washington. the president is not yet there, he has not come to where he needs to be in order for us to push through a bill that really does begin to address the problem. and as the speaker said, that's why we are now discussing and alternative plan if the president and the white house cannot come our way. thank you. >> as the speaker and the leader said, we've been trying to make sure we do not go off this...
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. >> steve: you are looking live at washington d.c. in the capitol, believe it or not law makers hoping to avoid the fiscal cliff are making progress. aides said they were closer to cutting a deal. but one thing that will not click is tax hikes. how much would they be and who will would have to pay them when it come to revenue. joining us is saradoga springs, utah mayor mya love. he wanted tax increases and would now settle for 1.2 trillion and impact $400,000 or more. and sounds like he squished a bit on it and what do you think about the supposed deal? >> it is not much movement from the president's side. in if you are going for $250,000 to $400,000 that is not much. young came out with a report saying if you tax the top two brackets that will cost you 700,000 jobs. these are janitors going in and having their manager say i am sorry wecan't afford you any longer and these people are working pay check to pay check. they need mon tow feed their family. >> gretchen: - >> steve: the president wanted a two year debt limit. and that was th
. >> steve: you are looking live at washington d.c. in the capitol, believe it or not law makers hoping to avoid the fiscal cliff are making progress. aides said they were closer to cutting a deal. but one thing that will not click is tax hikes. how much would they be and who will would have to pay them when it come to revenue. joining us is saradoga springs, utah mayor mya love. he wanted tax increases and would now settle for 1.2 trillion and impact $400,000 or more. and sounds like he...
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can washington rise above in trying to get a deal done? we'll go to washington for the latest. and can kkr global get a deal? and then every child's favorite shopping location, toys "r" us staying opened for 88 hours straight. can the toy titan keep up with the likes of macy's? the ceo will join us live. we'll start with the cliff, though. house speaker boehner remaining hopeful that a deal can be reached but that the president has yet to offer what he's calling a balanced plan. our aim economy monday jaf verse is live. good morning. >> reporter: good morning. briefing them on where they stand on fiscal cliff negotiations with the president and floated this idea of a two-track process where they would go ahead with a plan b option. take a listen to the speaker talking about what this plan b would actually be. >> our plan b would protect the american taxpayers who make a million dollars or less and have all of their current rates extended. i continue to have hope that we can reach a broader agreement with the white house that would reduce spending as well as revenues on the tabl
can washington rise above in trying to get a deal done? we'll go to washington for the latest. and can kkr global get a deal? and then every child's favorite shopping location, toys "r" us staying opened for 88 hours straight. can the toy titan keep up with the likes of macy's? the ceo will join us live. we'll start with the cliff, though. house speaker boehner remaining hopeful that a deal can be reached but that the president has yet to offer what he's calling a balanced plan. our...
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black comedy from washington. melissa: what did you think of what you saw today? >> what you see is the speaker is trying to surrender and white house won't accept it. they keep raising the ante a year and a half ago. summer of 2011, debt ceiling crisis. boehner made a huge offer his caucus would have rejected it and had a hard fight and white house slapped him away. melissa: a lot of people are saying speaker boehner is negotiating but who he really speaking for? he may not have enough support to drive home whatever deal he is making. we could see that with this plan b out there. does he have support of his own party in the house to raise taxes? >> i think he talked to house leaders after the election, said, hey, look what the results were. even if he feels part of the caucus, democrats if they go along with this will supply votes to win. as you see the white house still wants more and more and more and they're not giving him a fig leaf to go back to his caucus in reforming of entitlements and things like that. melissa: yeah. you definitely get a sense all they'r
black comedy from washington. melissa: what did you think of what you saw today? >> what you see is the speaker is trying to surrender and white house won't accept it. they keep raising the ante a year and a half ago. summer of 2011, debt ceiling crisis. boehner made a huge offer his caucus would have rejected it and had a hard fight and white house slapped him away. melissa: a lot of people are saying speaker boehner is negotiating but who he really speaking for? he may not have enough...
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>> unfortunately party of one doesn't get much done in a place like washington. you need grassroots to rise up in this country. we've had enough. you're broke. you're spending money we don't have. get serious about this and knock off all the christmas tree type bill proaches. melissa: matt mayer, thanks for coming on and breaking it down for us. >> thanks for having me. melissa: nex on "money", it could be the answer to all your airline travel costs once and for all. one companythinks they have got it. we'll bring you the new details on the new flight plan next. at the end of the day it is all about money and carry-on luggage .so as you can see, geics customer satisfaction is at 97%. mmmm tasty. and cut! very good. people are always asking me how we make these geico adverts. so we're taking you behind the scenes. this coffee cup, for example, is computer animated. it's not real. geico's customer satisfaction is quite real though. this computer-animated coffee tastes dreadful. geico. 15 minutes could save you 15 % or more on car insurance. someone get me a latte w
>> unfortunately party of one doesn't get much done in a place like washington. you need grassroots to rise up in this country. we've had enough. you're broke. you're spending money we don't have. get serious about this and knock off all the christmas tree type bill proaches. melissa: matt mayer, thanks for coming on and breaking it down for us. >> thanks for having me. melissa: nex on "money", it could be the answer to all your airline travel costs once and for all. one...
SFGTV: San Francisco Government Television
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you get off at powell between washington, you don't know where chinatown is. okay. so, in the interest of making the quality of life and transportation in san francisco better, it seems like we need to slow down, february 1st is not going to work, and rethink this thing. and in the beginning when we had the emergencies, these day or two and i give all the employees credit, the word used was "cost-effective." so, the gentleman who did the work to fix the breakdown is we need to build that kind of city at the street level or whatever level where we don't have more pedestrian transit accidents. so, there seems to be some design flaws. i drive fourth and bryant because my husband works by the caltrain station. well, that's the beginning of it, but i don't see the logical connection, how you get on the subway. and then from chinatown i want to speak to the hardships of the businesses because i tried helping louie's restaurant. they went out of business, four years of construction from the chinatown campus of community college. so, cost-effective, it's going to be this mu
you get off at powell between washington, you don't know where chinatown is. okay. so, in the interest of making the quality of life and transportation in san francisco better, it seems like we need to slow down, february 1st is not going to work, and rethink this thing. and in the beginning when we had the emergencies, these day or two and i give all the employees credit, the word used was "cost-effective." so, the gentleman who did the work to fix the breakdown is we need to build...
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the gun control advocates protested outside offices in washington d.c. the n ra has not made any statements since the shooting and its facebook page days period. following other mass shootings, they have defended the rights of gun owners. >>> they are stirring debate and some concerns told the to town counsel. >>> reporter renee marsh shows us more on how people are trying to get back to their lives, renee? >> reporter: pam, another difficult day in newtown connecticut and all week we'll see funeral after funeral and the next two children to be laid to rest will be charlotte helen bacon and jessica rekos, both were six years old. >> reporter: two more little victims will be laid to rest. on monday morning, they said a final goodbye to jack pinto. >> it was very sad, the hadn't -- family took it very hard. >> and then they began to say good toy noah pozner. >> i started to cry. >> monday supplies and equipment were moved to a school in a neighboring town where sandy hook elementary students will return to class. >> we are putting our arms around people. >
the gun control advocates protested outside offices in washington d.c. the n ra has not made any statements since the shooting and its facebook page days period. following other mass shootings, they have defended the rights of gun owners. >>> they are stirring debate and some concerns told the to town counsel. >>> reporter renee marsh shows us more on how people are trying to get back to their lives, renee? >> reporter: pam, another difficult day in newtown connecticut...
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with these interest rates and this fed, of course it's cheap but you still have the things going on in washington that is holding back everything. the question is, how much does it mean and what will it do and you're holding back people from the end of the year and the market will go down 2, 3%. >> much harder than that and the point that temper is making, stocks are cheap, the fed is your friend. your reaction? >> stocks aren't cheap. it's 12 times a number that is fantasy for next year. they are trading 15 times trailing earnings over the last 30 years the stock market is rich. so that would be point number one. point number two is that the fed is not your friend. the best periods for equity return is after the fed realizes policy, not when they have their foot on the gas. the late '40s and late '50s. i'm sure all of us will remember 1995, for example, after the fed inverted the yield curve, clinton and gingrich were threatening to shut down the government. green pan thought there was a chance that we were going into recession. but that was after they actually normalized policy. the same thing
with these interest rates and this fed, of course it's cheap but you still have the things going on in washington that is holding back everything. the question is, how much does it mean and what will it do and you're holding back people from the end of the year and the market will go down 2, 3%. >> much harder than that and the point that temper is making, stocks are cheap, the fed is your friend. your reaction? >> stocks aren't cheap. it's 12 times a number that is fantasy for next...
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. >> "the washington post" reports that the president will put vice president biden in charge of the push to start this violence. biden met with the president along with education secretary arne duncan, eric hold and kathleen sebelius to try to formulate a plan. at the same time, perhaps moved by the national move, another plan seems it's taking shape. the deal to stop us from going over the fiscal cliff. speaker boehner and the preside president at the white house. now, the president supports raising taxes on people earning more than $400,000 a year. i want to bring in "washington post" columnist ruth marcus and the national journalist chris freisz. there's a lot owing on, assault weapons ban and the gun show loophole. do you think they're going to take this, how are they likely to approach this? >> well, i think the vice president say very good choice to lead this because of course he was the chairman of the senate judiciary where this legislation goes through for many years. and so he understands a little bit of what's politically possible or, let's cross our fingers, what might h
. >> "the washington post" reports that the president will put vice president biden in charge of the push to start this violence. biden met with the president along with education secretary arne duncan, eric hold and kathleen sebelius to try to formulate a plan. at the same time, perhaps moved by the national move, another plan seems it's taking shape. the deal to stop us from going over the fiscal cliff. speaker boehner and the preside president at the white house. now, the...
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close it there is lake stevens, washington. trees down, power lines down. localized wind gusts up to 70 miles per hour in western washington today. it was breezy and wet around here but nothing like it was up in the pacific northwest. we're not going to escape this pattern for a while. we have been cloudy for 19 of the past 25 days. we have been wet 12 of the past 19 days. we get a break from the wet because a cold front moved through today but we're still under the influence of arctic air. it is coming down from the arctic and we're look at all of that air from the gulf of alaska keeping us chilly tomorrow and wednesday, even though we'll be sunny. partly sunny skies tomorrow, mainly sunny skies wednesday but i will be cold. the next one gets here on thursday. low pressure retreats farther to the north opening the door for pacific storms to move in and once again like we were earlier this month we will be the bull's eye. this begins on thursday. and it will likely last for about 4 days. we are going to be wet so soggy start on thursday. between now and the
close it there is lake stevens, washington. trees down, power lines down. localized wind gusts up to 70 miles per hour in western washington today. it was breezy and wet around here but nothing like it was up in the pacific northwest. we're not going to escape this pattern for a while. we have been cloudy for 19 of the past 25 days. we have been wet 12 of the past 19 days. we get a break from the wet because a cold front moved through today but we're still under the influence of arctic air. it...
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we look to find the answer to solve the problem on the spending issue, here in washington. the president is not yet there. he has not come to where he needs to be, in order for us to push through a bill that really does begin to address the problem. and as a speaker said, that's why we are now discussing an alternative plan, if the president and the white house, cannot come our way. thank you. >> and owe eric cantor and speaker boehner talking about what we had mentioned at the top. hour that they are having a plan "b" that would make sure these tax rates stay down for anyone making less than $1 million a year. in the meantime, as i just reported, students here in at newtown, connecticut, are going back to class today, but not those at sandy hook elementary. they have been burying their classmates and teachers. 6-year-old jessica rekos would be laid to rest today. her family said she loved horses and they promised she could have her own when she reached 10. she asked santa for cowgirl boots and hat. we learned this morning, principal dawn hochsprung wrote her daughters lett
we look to find the answer to solve the problem on the spending issue, here in washington. the president is not yet there. he has not come to where he needs to be, in order for us to push through a bill that really does begin to address the problem. and as a speaker said, that's why we are now discussing an alternative plan, if the president and the white house, cannot come our way. thank you. >> and owe eric cantor and speaker boehner talking about what we had mentioned at the top. hour...
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washington earlier this morning. the homeowner was shot in the back when he tried to confront the suspects. he was taken to hospital with injuries he is expected to survive. he is expected to be okay. >>> tonight drivers in virginia will have an opportunity to give input to a proposal for a new major road project. it would link loudoun county in the north and prince william county in the south. but as northern virginia bureau chief julie carey reports now not everyone thinks it is a good idea. >> reporter: opponents call the proposed road on this map an outer beltway, vdot calls it the north-south corridor and a rue v-dot is studying designed to connect broken stretches of major roadway in prince william and loudoun county to create a 45-mile corridor making i didn't 95 and prince william with route 7 in loudoun. another goal, providing a new path to dulles airport. >> we are trying to provide a -- easier way to get to work, mobility for goods getting to dulles, easier way to get to jobs ability for businesses to com
washington earlier this morning. the homeowner was shot in the back when he tried to confront the suspects. he was taken to hospital with injuries he is expected to survive. he is expected to be okay. >>> tonight drivers in virginia will have an opportunity to give input to a proposal for a new major road project. it would link loudoun county in the north and prince william county in the south. but as northern virginia bureau chief julie carey reports now not everyone thinks it is a...
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>> they don't want to spend christmas in washington, do they? >> you have thursday, friday and monday, right? >> you have a lot of aides prepared to come back after christmas to try and make sure they're not too far away from d.c. it does look encouraging. you've had movements on both sides. you've had boehner indicating that he's willing to accept and rising tax rate for the wealthiest. at the same time, you've had the president scaling back the limit to which those tax rates go up the. >> and they're not arguing about idealogical points any more. >> exactly. >> and what about the debt ceiling? do you think this gets thrown to the mix or not? >> well, i think the white house knows very strongly that as far as the markets are concerned, they want to try and get some kind of clarity for the next few months. after the last couple of years, no one really trusts the government or trusts the administration to not have a series of crisis and tiptoeing to the edge. so my bet is they will try to get some sort of deal. >> who has more trouble convincing
>> they don't want to spend christmas in washington, do they? >> you have thursday, friday and monday, right? >> you have a lot of aides prepared to come back after christmas to try and make sure they're not too far away from d.c. it does look encouraging. you've had movements on both sides. you've had boehner indicating that he's willing to accept and rising tax rate for the wealthiest. at the same time, you've had the president scaling back the limit to which those tax rates...
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we're dealing with washington here. this is not common sense. we're dealing with politicians whose main objective almost every time they are confronted with a problem is to kick the can down the road. that's what they have been doing for decades, at least the last 12 years. tell everybody to stop, let's pause, let's confront our problems rather than keep raising the debt limit. >> generally speaking, over reacting about the deficit, once we get to normal growth it will pay itself down over time. is that school of thinking right? >> no, i don't think so. i think what we're facing is over the long run. now, not immediately. but over the next couple of decades, we have a very big problem. we have built into our federal spending commitments more spending than our revenues will afford. that's because of the combination of this big generation retiring, the baby boomers that everybody talks about multiplied by the cost of health care. health care is the big problem not only in the federal budget but in all budgets. if you stick with the commitments we'
we're dealing with washington here. this is not common sense. we're dealing with politicians whose main objective almost every time they are confronted with a problem is to kick the can down the road. that's what they have been doing for decades, at least the last 12 years. tell everybody to stop, let's pause, let's confront our problems rather than keep raising the debt limit. >> generally speaking, over reacting about the deficit, once we get to normal growth it will pay itself down...
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some more news out of washington. it's rumored that john boehner and president obama are considering a partial deal to avoid the fiscal cliff at the end of the year. it's rumored that a partial deal is being considered. [ light laughter ] or to put that in layman's terms, "oh, we're going to go off this cliff. [ laughter ] oh, yes." check this out -- abc is working on a new show inspired by justin bieber's life before he got famous. [ audience boos ] it makes sense. i mean, there's just so much we don't know about that week. [ laughter ] [ cheers and applause ] >> steve: come on. >> jimmy: some international news today. north koreans celebrated the one year anniversary of kim jong-un taking power with a big rally. kim jong-un was like, "you shouldn't have." while north koreans were like, "you made us." [ laughter ] you guys, christmas is right around the corner. [ cheers and applause ] so psyched. but, it means that this saturday is expected to be the second busiest shopping day of the year. or as mall bathrooms put i
some more news out of washington. it's rumored that john boehner and president obama are considering a partial deal to avoid the fiscal cliff at the end of the year. it's rumored that a partial deal is being considered. [ light laughter ] or to put that in layman's terms, "oh, we're going to go off this cliff. [ laughter ] oh, yes." check this out -- abc is working on a new show inspired by justin bieber's life before he got famous. [ audience boos ] it makes sense. i mean, there's...
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will this tragedy inspire washington to act? >>> here in newton, students returning back to school this morning, but they won't be going back to sandy hook elementary. at least not yet as another little girl laid to rest, just one day after two first grade boys buried. >>> a new sign that the tide could be turning on gun control. gun control stocks under fire. a pension fund may have to strip investments. >>> and movement on the fiscal cliff. we may be moving much closer to a deal, with the president making a surprise offer. >>> it is tuesday, december 18th. you're watching a special edition of "starting point" from newtown, connecticut. we begin right now. >>> welcome, everybody. a special edition of "starting point," live this morning from newtown, connecticut, the site, of course, where an unthinkable massacre at an elementary school has really shifted the landscape in the gun control debate. here is the latest on that president obama meeting with senior staff and cabinet members yesterday, to see proposals that will include
will this tragedy inspire washington to act? >>> here in newton, students returning back to school this morning, but they won't be going back to sandy hook elementary. at least not yet as another little girl laid to rest, just one day after two first grade boys buried. >>> a new sign that the tide could be turning on gun control. gun control stocks under fire. a pension fund may have to strip investments. >>> and movement on the fiscal cliff. we may be moving much...
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let's go to washington to get an update on the talks. cnn's dan lothian is there. >> reporter: hello. you're right, this could be a difficult meeting for speaker john boehner as he tries to sell this proposal to house republicans. this is a dramatic turn of events because president obama as you pointed out had been digging in his heels saying there could not be a deal unless taxes went up for house holds making more than $250,000 and now the president raising that to 400,000 so certainly some indication at least according to house republican this is is moving in the right direction. in addition the president calling for $1.2 trillion in new revenue, also $1.2 trillion in spending cuts and this meets the demand that speaker boehner had, that there had to be an equal amount of spending, and also revenue, but they still don't believe that the math really adds up here. spokesman for speaker boehner's office, brendan buck saying a proposal that includes $1.3 trillion in revenue for only $930 billion in spending cuts cannot be considered balan
let's go to washington to get an update on the talks. cnn's dan lothian is there. >> reporter: hello. you're right, this could be a difficult meeting for speaker john boehner as he tries to sell this proposal to house republicans. this is a dramatic turn of events because president obama as you pointed out had been digging in his heels saying there could not be a deal unless taxes went up for house holds making more than $250,000 and now the president raising that to 400,000 so certainly...
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is lisa sylvestor is in washington, d.c. this morning. >> i know you know this but they say when you become a parent that a little bit of your heart lives outside you but for many parents this tragedy hit upon their worst fears. how do you keep your kids safe when they are away from you at school? >> you try not to think about it but it is difficult. >> reporter: gina has a hard time holding back the tears. >> it is heartbreaking. it's very difficult to imagine and i can't imagine being one of those parents. >> reporter: what happened in newtown, connecticut could have happened in any town. it is one of the quiet fears parents have that has now risen to the surface. page anderson has a 6-year-old daughter. >> my daughter was telling me that they did a drill last week so i think they do them on a regular basis. you can't prepare for every eventuallity. >> reporter: schools are reviewing programs. high schools in virginia have trained police officers on campus. middle schools and elementary schools require all visitors to be b
is lisa sylvestor is in washington, d.c. this morning. >> i know you know this but they say when you become a parent that a little bit of your heart lives outside you but for many parents this tragedy hit upon their worst fears. how do you keep your kids safe when they are away from you at school? >> you try not to think about it but it is difficult. >> reporter: gina has a hard time holding back the tears. >> it is heartbreaking. it's very difficult to imagine and i...
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we're live in washington, d.c. to find out what exactly is this plan-b. >> reporter: house speaker john boehner took to the podium just a couple of minutes ago. he said this is a modified plan- b. we're gonna listen in right now. >> sure. that few american taxpayers are affected by the increase as possible, moving down that path is the right course of action for us. >> good morning. first, i would like to say that i think all of our hearts and prayers are with the families in newtown, connecticut. as a father, i cannot even imagine the utter horror that those families are going through right now, grieving the loss of their children -- >> we know we'll be hearing from john boehner in just minutes on the fiscal cliff negotiations. the latest we know is that he's looking at $1 trillion in revenue and $1 trillion in cuts. he and president obama are still very far apart on what should pay more in income tax rates. president obama is saying anyone who makes over $400,000. boehner's latest offer, those who make over $1 mi
we're live in washington, d.c. to find out what exactly is this plan-b. >> reporter: house speaker john boehner took to the podium just a couple of minutes ago. he said this is a modified plan- b. we're gonna listen in right now. >> sure. that few american taxpayers are affected by the increase as possible, moving down that path is the right course of action for us. >> good morning. first, i would like to say that i think all of our hearts and prayers are with the families in...